SAH GROUP
Bankruptcy closedSAH GROUP was declared bankrupt on 09-08-2022 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 14-04-2026, published in the Belgian State Gazette on 21-04-2026.
No longer registered with the KBO since 15-04-2026; last annual accounts for fiscal year 2019.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-09-2019 was due by 30-04-2020 and was filed on 28-05-2020, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2019, micro schema
Equity
€29k▲ 1.9%
2018 · €29k
2018: €29k
2018 → 2019
Total assets
€161k▲ 286%
2018 · €42k
2018: €42k
2018 → 2019
Net result
€559
2018 · €-561
2018: €-561
2018 → 2019
Working capital
€18k▼ 33.9%
2018 · €27k
2018: €27k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€29k-€29k▲ 1.9%
Operating result€-2k-€-3k▼ 36.0%
Net result€-561-€559
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2019 against €2k in 2018; the loss grows.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €161k
Fixed assets
€11k▲ 671%
Current assets
€149k▲ 272%
Equity and liabilities €161k
Equity
€29k▲ 1.9%
Debt
€131k▲ 919%
The debt ratio rises from 31.0% to 81.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-3k▼
2018 · €-2k
Cash flow
€765▲
2018 · €-355
Solvency
18.2%▼
2018 · 69.0%
Current ratio
1.14▼
2018 · 3.12
Quick ratio
1.14▼
2018 · 3.12
ROE
1.9%▲
2018 · -2.0%
ROA
0.3%▲
2018 · -1.3%
Debt
€131k▲
2018 · €13k
Debt ≤ 1 year
€131k▲
2018 · €13k
Income taxes
€194
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2019 against 2018
Balance sheet
Code20182019
Assets
Total assets20/58€42k€161k▲
Fixed assets21/28€1k€11k▲
Tangible fixed assets22/27€1k€1k▼
Financial fixed assets28€220€10k▲
Current assets29/58€40k€149k▲
Amounts receivable within one year40/41€22k€140k▲
Cash at bank and in hand54/58€18k€10k▼
Equity and liabilities
Total equity and liabilities10/49€42k€161k▲
Equity10/15€29k€29k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Profit (loss) carried forward14€8k€9k▲
Amounts payable17/49€13k€131k▲
Amounts payable within one year42/48€13k€131k▲
Trade debts44€6k€84k▲
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€207€207=
Gross operating margin9900€-2k€-804▲
Operating profit (loss)9901€-2k€-3k▼
Recurring financial income75€2k€4k▲
Recurring financial charges65-€242
Profit (loss) for the period before taxes9903€-561€752▲
Income taxes67/77-€194
Profit (loss) for the period9904€-561€559▲
Profit (loss) for the period to be appropriated9905€-561€559▲
Timeline · acts, filings and financial milestones
2026
21-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · SAH GROUP BV DENDERMONDSESTEENWEG 149, 9040 SINT-AMANDSBERG · event 14-04-2026
2022
17-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · SAH GROUP BV DENDER- MONDSESTEENWEG 149, 9040 SINT-AMANDSBERG · event 09-08-2022
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-09
Financial
Back to profitnet €559
Net result €559 after one loss-making year.
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 97 days late
2015
17-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 140 days late
2014
04-04
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Dendermondsesteenweg 1499040 GentGround area
354 m²
Building footprint
172 m²
Volume, LiDAR
1,368 m³
Parcel 44432C0951/00X007, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0951/00X007indicative | Flanders | 354 m² | 1 · 172 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GEERT WAETERLOOS MOLENAARSSTRAAT 111/1A,
9000 GENT |
09-08-2022 → present |
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 12,393 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded16-11-2011
Fiscal year end30-09
Activities, NACEBEL
41001General construction of residential buildings
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.